Merit Medical Introduces Resolve(R) Drainage Catheter.SOUTH JORDAN, Utah South Jordan is a city in Salt Lake County in the U.S. state of Utah. The population was 29,437 at the 2000 census. As of September 1, 2007, the population was estimated at 50,109 [1]. South Jordan has been one of the fastest-growing cities in Utah since the early 1990s. -- Merit Medical Systems Inc. (Nasdaq: MMSI MMSI Maritime Mobile Service Identity MMSI Miniature Munitions/Store Interface MMSI Military Membership Status Identifier ), a manufacturer and marketer of proprietary disposable accessories used primarily in cardiology and radiology procedures, announced today the market introduction of the Resolve(R) drainage catheter. The catheter is used in various procedures to drain undesirable fluids from the human body. "The Resolve(R) has been an engineering challenge due to its small profile and demanding specifications," said Fred P. Lampropoulos, Merit's chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "After lengthy trials and customer input we believe we have introduced a proprietary product that will become a market leader." The Resolve(R) will complement Merit's existing access products as well as the Revolution(TM) and StayFix(R) catheter fixation devices. Other Merit products such as the Merit Disposal Depot(TM) and various connection systems will also see increased demand. Merit will introduce the Resolve(R) to the European market at the Cardiovascular and Interventional Radiological Society of Europe The Cardiovascular and Interventional Radiological Society of Europe (CIRSE) is the professional body of European interventional radiologists. The Society, which has its headquarters in Vienna, Austria, was founded in 1985 and currently comprises approximately 1,300 members from (CIRSE CIRSE Cardiovascular and Interventional Radiological Society of Europe ) meeting being held Sept. 9-13 in Rome. About Merit Founded in 1987, Merit Medical Systems Inc. is engaged in the development, manufacture and distribution of proprietary disposable medical accessories used in interventional and diagnostic procedures, particularly in cardiology and radiology. Merit serves client hospitals worldwide with a domestic and international sales force totaling approximately 85 individuals. Merit employs approximately 1,640 people worldwide, with facilities in Salt Lake City and South Jordan, Utah; Santa Clara, Calif.; Angleton, Texas; Richmond, Va.; Maastricht and Venlo, Netherlands; and Galway, Ireland. Statements contained in this release, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995 and are subject to risks and uncertainties such as those described in Merit's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 2005. Such risks and uncertainties include market acceptance of new products, introduction of products in a timely fashion, product recalls, delays in obtaining regulatory approvals, or the failure to maintain such approvals, cost increases, fluctuations in and obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. of inventory, price and product competition, availability of labor and materials labor and materials (time and materials) n. what some builders or repair people contract to provide and be paid for, rather than a fixed price or a percentage of the costs. , development of new products and technology that could render our products obsolete, product liability claims, modification or limitation of governmental or private insurance reimbursement, infringement of our technology or the assertion that our technology infringes the rights of other parties, foreign currency fluctuations, challenges associated with the company's growth strategy, changes in health care markets related to health care reform initiatives, litigation and other factors referred to in the company's 10-K and other reports filed with the Securities and Exchange Commission. All subsequent forward-looking statements attributable to the company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Actual results may differ materially from anticipated results. Financial estimates are subject to change and are not intended to be relied upon as predictions of future operating results, and Merit assumes no obligation to update or disclose revisions to those estimates. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion